1
4
, 2
Chapter 1 j
Introduction to Law and Legal j j j j
Reasoningj
TRUE/FALSE jQUESTIONS
A1. The jstability jand jpredictability jof jthe jlaw jis jessential jto jbusiness jactivities.
ANSWER: T PAGE: 2 TYPE: =
NAT: j AACSB j Analytic AICPA j Critical j Thinking
A2. Law jis ja jbody jof jenforceable jrules jgoverning jrelationships jamong
jindividuals jand jbetween jindividuals jand jtheir jsociety.
ANSWER: T PAGE: 2 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A3. A jbreach jof ja jcontract jis ja jfailure jto jperform jit.
ANSWER: T PAGE: 3 TYPE: N
NAT: jAACSB jEthics AICPA jCritical
jThinking jA4. Constitutional jlaw
jincludes jonly jthe jU.S. jConstitution.
4
, 3
A5. A jstate jconstitution jis jsupreme jwithin jthe jstate’s jborders.
ANSWER: T PAGE: 4 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA6. Whether ja jlaw jis jconstitutional jdepends jon jits jsource.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A7. Uniform jlaws japply jin jall jstates, jincluding jthose jin jwhich jthe jlaws jhave
jnot jbeen jadopted.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
junconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA9. Statutory jlaw jdoes jnot jinclude jcounty jordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Reflective AICPA j Legal
A10. No jstate jhas jadopted jthe jUniform jCommercial jCode jin jits jentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: j AACSB j Reflective AICPA j Legal
A11. Common jlaw jis ja jterm jfor jlaw jthat jis jcommon jthroughout jthe jworld.
7
, 3
A12. Damages jis ja jremedy jat jlaw.
ANSWER: T PAGE: 7 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A13. Remedies j in j equity j include j injunctions j and j decrees j of j specific j performance.
ANSWER: T PAGE: 7 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A14. In jmost jstates, jthe jcourts jno jlonger jgrant j“equitable” jremedies.
ANSWER: F PAGE: 8 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA15. A jdefendant jis ja jperson jagainst jwhom ja jlawsuit jis
jbrought.
ANSWER: T PAGE: 8 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A16. Courts j do j not j depart j from j precedents.
ANSWER: F PAGE: 9 TYPE: =
NAT: j AACSB j Reflective AICPA j Critical j Thinking
A17. A jjudge’s jfunction jis jto jmake jthe jlaw.
ANSWER: F PAGE: 13 TYPE: N
NAT: j AACSB j Analytic AICPA j Legal
14
4
, 2
Chapter 1 j
Introduction to Law and Legal j j j j
Reasoningj
TRUE/FALSE jQUESTIONS
A1. The jstability jand jpredictability jof jthe jlaw jis jessential jto jbusiness jactivities.
ANSWER: T PAGE: 2 TYPE: =
NAT: j AACSB j Analytic AICPA j Critical j Thinking
A2. Law jis ja jbody jof jenforceable jrules jgoverning jrelationships jamong
jindividuals jand jbetween jindividuals jand jtheir jsociety.
ANSWER: T PAGE: 2 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A3. A jbreach jof ja jcontract jis ja jfailure jto jperform jit.
ANSWER: T PAGE: 3 TYPE: N
NAT: jAACSB jEthics AICPA jCritical
jThinking jA4. Constitutional jlaw
jincludes jonly jthe jU.S. jConstitution.
4
, 3
A5. A jstate jconstitution jis jsupreme jwithin jthe jstate’s jborders.
ANSWER: T PAGE: 4 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA6. Whether ja jlaw jis jconstitutional jdepends jon jits jsource.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A7. Uniform jlaws japply jin jall jstates, jincluding jthose jin jwhich jthe jlaws jhave
jnot jbeen jadopted.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
junconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA9. Statutory jlaw jdoes jnot jinclude jcounty jordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT: j AACSB j Reflective AICPA j Legal
A10. No jstate jhas jadopted jthe jUniform jCommercial jCode jin jits jentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: j AACSB j Reflective AICPA j Legal
A11. Common jlaw jis ja jterm jfor jlaw jthat jis jcommon jthroughout jthe jworld.
7
, 3
A12. Damages jis ja jremedy jat jlaw.
ANSWER: T PAGE: 7 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A13. Remedies j in j equity j include j injunctions j and j decrees j of j specific j performance.
ANSWER: T PAGE: 7 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A14. In jmost jstates, jthe jcourts jno jlonger jgrant j“equitable” jremedies.
ANSWER: F PAGE: 8 TYPE: =
NAT: jAACSB jAnalytic AICPA jLegal
jA15. A jdefendant jis ja jperson jagainst jwhom ja jlawsuit jis
jbrought.
ANSWER: T PAGE: 8 TYPE: =
NAT: j AACSB j Analytic AICPA j Legal
A16. Courts j do j not j depart j from j precedents.
ANSWER: F PAGE: 9 TYPE: =
NAT: j AACSB j Reflective AICPA j Critical j Thinking
A17. A jjudge’s jfunction jis jto jmake jthe jlaw.
ANSWER: F PAGE: 13 TYPE: N
NAT: j AACSB j Analytic AICPA j Legal
14
